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China's around 7 percent economic growth in 2015 highly possible: economist

Xinhua, August 15, 2015 Adjust font size:

China is very likely to realize its goal of annual economic growth of around 7 percent, a central bank economist said on Saturday.

Remarks of economist Ma Jun with the People's Bank of China came as the International Monetary Fund (IMF) predicted a 6.8-percent growth this year in its annual Article IV Consultation Staff Report for China.

The IMF forecast was a bit cautious, said Ma, adding that China's economy is holding steady and its GDP growth in the second half of the year will outperform the first half with annual growth around 7 percent very likely.

Active fiscal policies and other pro-growth measures will have a positive effect in H2. The rising home sales and prices will boost property investment and local governments' debt-swap programs have solved some finance problems for infrastructure, Ma said.

In addition, new projects in railway, affordable housing, irrigation and environmental protection will speed up infrastructure investment, he said. Endi